SoundExchange: Digital Rights Organization Announces Nationwide Search For Musical Performers Who Are Owed Royalties
SoundExchange, the first performance rights organization designated by the U.S. government to collect royalties on behalf of recording artists and record labels, is conducting a nationwide search for featured recording artists in order to disburse royalties owed. For the first time, performers stand to gain from non-interactive digital airplayŃsatellite radio, Internet radio and cable/direct TV radio in the United States. If artists or their heirs do not come forward and register with SoundExchange by December 31, 2004, they will lose their share of the first royalties collected during the newly established organizations first distribution cycle- between 1996 and 2000.
Unlike ASCAP, BMI or SESAC, SoundExchange is the first institution to pay the actual featured performers for the public performance of sound recordings on which they appear, rather than songwriters, including many recording artists who have previously not been compensated. SoundExchange has already paid out almost $16 million covering over 200 million digital plays for approximately 6,000 members since its establishment in 2000. Based in Washington, D.C., SoundExchange is a nonprofit organization governed by a board of artist and label representatives.
Among the 38,000 artists who have not yet claimed their funds are such diverse acts as The Shangri-Las (1960s girl group who sang the hit "Leader of the Pack"), Black Sheep (1990s rap duo best know for "The Choice is Yours") and The Count Five (garage rock band who influenced many with "Psychotic Reaction").
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» SoundExchange: Digital Rights Organization Announces Nationwide Search For Musical Performers Who Are Owed Royalties
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